Opening up a light, I found it to just be a piece of thin cardboard between the emitter and the reflector. Should I just be replacing this with more cardboard? A small piece of kapton tape? A chopped up chunk of soda-bottle-cap liner?
You're only limited by your imagination....As long as it's a good insulator with some semblence of structural integrity, you should be fine.
I've used plastic water bottle caps, cardstock, black electricians tape, and arctic silver thermal epoxy before... Also, don't forget the good old fashioned air-gap :)
Actually, looking at them, my first thought was "hey, that looks like the insert under a soda bottle cap". Quickly followed by "crap, it can't be that easy. what do you want to bet it will melt?"
Thus the trip here, to the great font of knowledge.
If you have some Fujik put a dab over the solder points of the emitter before you stick your isolation disk on for added security against a short with the reflector.
I even used an oring to press the emitter board to the pill (usefull when the glue cures) and fill the gap before the reflector shortens the circuit. Also makes a nice thing to fine tune the reflector distance and alignement to the emitter when tweaking to the maximum (very important for throwers, the better the job the better the thorw).